IDB Approves Grants for Northern Industrial Park, Energy Modernization
The Inter-American Development Bank (IDB) recently announced the approval of two grants for Haiti totaling US $90 million. One grant is devoted to the development of an industrial park between Ounaminthe and Cap Haitian while the other is devoted to modernizing Haiti's energy sector. This is worth noting as investment outside of Port au Prince is unfortunately still rare. The IDP's support for the energy sector will allow for upgrading the Peligre Hydroelectric Dam and promotion of solar energy projects.